Cyprus

News & Analysis

European Countries Address Low-Income, Minority Gambling Harm

Fresh concerns surrounding gambling harms experienced by low-income households and minorities have come to light in Great Britain, Sweden and Cyprus as the cost of living crisis rages on across Europe.

News In Brief: December 5-December 9, 2022

Star Entertainment has been fined A$100m in Queensland and faces a temporary licence suspension over compliance breaches.

News In Brief: October 17-October 21, 2022

Cypriot betting oversight gets lawmaker backing, a surprise fantasy sports bill makes progress in Brazil and Argentine lotteries makes payments alliance to battle illegal gambling.

Cyprus Updating Safer Gambling Regulations

The National Betting Authority (NBA) of Cyprus is adding a raft of safer gambling best practices into its rules for online bookmakers.

Northern Cyprus State Lottery Blunder Forces President To Intervene

The President of Northern Cyprus has fired the head of the lottery regulator after “a huge and unforgivable blunder” meant National Lottery tickets were printed with an image of a rival Greek nationalist paramilitary group.

Research & Reports

Interactive Map: Gambling Advertising Across Europe

Advertising is one of the most hotly discussed topics in the European gambling industry. In this map, VIXIO GamblingCompliance shows the current situation regarding gambling advertising in all jurisdictions. The map highlights the differences among the countries that allow, partially prohibit or forbid gambling advertising.

Cyprus: Securities and Exchange Commission Consults on Proposals to Bring Crypto Asset Activities Under National AML Legal Framework

On February 19, 2019, the Cyprus Securities and Exchange Commission (CySEC) launched a consultation seeking feedback on the proposed amendments to the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (L. 188(I)/2007). Taking into consideration many queries received from market participants, the proposals aim to bring crypto asset activities under the ambit of the AML framework, transposing at the same time the provisions of the 5th Anti-Money Laundering Directive (5th AMLD) into the national legal order.

Cyprus: Data Protection Commissioner Consults on Draft Law Implementing the GDPR

On April 3, 2018, the Office of the Commissioner for Personal Data Protection launched a public consultation on a preliminary draft law implementing a number of the provisions of the General Data Protection Regulation (GDPR). The bill was drafted by the authority, after taking into consideration comments from the Ministry of Justice and Public Order.

Some of the main provisions of the draft law, which by large refers to the actual articles of the GDPR, can be summarised as follows:

Cyprus: 4th AMLD Implementation — Consultation on Draft Law

On May 25, 2017, the government of Cyprus launched a consultation on a discussion paper, accompanied with a statement on its approach to areas of national discretion and a draft law which seeks to transpose the 4th Anti-Money Laundering Directive (4th AMLD) in this country.

This consultation closed on June 1, 2017, and the text of the draft law has yet to be introduced before parliament.

Q&A: Notification of Cyprus’ Casino Regulations

GamblingCompliance publishes an FAQ on Cyprus’ Casino Operations and Control Law (General) Regulations 2015, which were notified to the European Commission for a review of their compliance with EU law in October 2015.

Cyprus has regulated land-based casino games through the Casino Operations and Control Law 2015, which entered into force on July 21, 2015. This law has established the Cyprus National Gaming and Casino Supervision Commission and authorised one integrated casino-resort to be installed in the country.

Data & Forecasts

Market Monitor: European Online Gambling

This quarterly report contains a comprehensive overview of available data on the €25bn+ European online gambling sector. Jurisdictional market size figures and year-on-year growth rates are supplemented by an interactive dashboard and standardised, comparable data on betting-gaming splits and online penetration rates.

OPAP Report - 2001 to 2022

Latest quarterly data from Greek-listed OPAP. The data released for the operator contains the following information: Group income statement, net revenues by game category and number of installed VLTs by location. There are approximately 4,700 data points in this document.

European Online Forecasting Dashboard

This interactive dashboard features our country-level market size forecasts for the €25bn+ regulated European online gambling sector through to 2026, with projections split between online betting, gaming and total online gambling.

Market Monitor: World Lottery Association Compendium

This report contains around 40,000 data points across over 150 lotteries and 85 countries, as collated annually by the World Lottery Association. The dataset displays total sales, GGR, digital sales & digital GGR by product category in horizontal time series and filterable table views.

Cyprus - Quarterly Betting Report - 2015Q1 to 2022Q3

Latest Quarterly Betting Report data from the Cyprus National Betting Authority (NBA). The data released for the country contains the following information: Number of licensees, turnover, gross gaming revenue, gross win margin & tax revenue from retail and online betting, licensed betting locations by district and number of blacklisted websites. There are approximately 775 data points in this document.